Coleman Cable shares tumble as quarterly profit falls

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Coleman Cable Inc.
ccix
shares tumbled 40% to $11.80 in Wednesday afternoon trading after the Waukegan, Ill.-based company posted a second-quarter net profit of $4.1 million, or 24 cents a share, down from $12.8 million, or $1 a share, in the year-ago period. Revenue rose to $247.1 million from $114.4 million.

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